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The CFTC just gave $200 million to a whistleblower in its biggest-ever award to a single individual

Posted by Mr.Copper @ 10:05 on November 8, 2021  

The Commodity Futures Trading Commission said on Thursday that it just awarded $200 million to a single whistleblower.

The payment represents the largest award ever to a single individual since the CFTC started its whistleblower program in 2014 under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.

The whistleblower’s “timely original information significantly contributed to an already open investigation and led to a successful enforcement action, as well as to the success of two related actions, by a US federal regulator and a foreign regulator,” the CFTC said.

Since the start of the program, the regulator has paid more than $3 billion in whistleblower awards.

To qualify for a potential monetary award, a whistleblower that significantly contributes to the success of an enforcement action must demonstrate that there is a “meaningful nexus” between the information provided and the CFTC’s ability to successfully complete its investigation, and to either obtain a settlement or prevail in litigation.

A whistleblower that qualifies for an award is eligible to receive between 10% and 30% of monetary sanctions collected from the investigation. That means this whistleblower’s information led to monetary sanctions of at least $670 million and up to $2 billion.

The whistleblower award is paid from the CFTC Customer Protection Fund, which is entirely financed by monetary sanctions paid to the CFTC by violators of the Commodity Exchange Act.

The CFTC did not identify the specific case the whistleblower aided in order to protect the identify of the individual.




It was my idea a long time ago, if the gov’t wants something to STOP, like mass shootings, gov’t should let it be known that if a whacko or terrorist is just thinking about killing people, offer or bribe them with $100,000 and a motor home to NOT do it. Then you get their name on a list. Same with drug addicts that rob kill etc to get drugs. Gov’t should just GIVE them drugs for free, like bait, they have to show ID and put THEM on a list.

Crazy right?  But hell, remember the old wild west wanted posters? They worked.



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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.